All eyes will soon be on Sony as the company gets set to unveil the "Future of PlayStation" during its upcoming event on February 20, but before actual facts ruin the fun of rumor and speculation, new reports suggest that the price of Sony's next console has already been revealed along with confirmation of details surrounding the console's controller and cloud streaming capabilities.

As reported on The Verge and citing Japanese newspaper Asahi Shimbun, Sony is expected to release the next PlayStation in both the US and Japan during the 2013 calendar year at a cost of more than 40,000 yen, or about $428. Obviously, that price is significantly less than what the PlayStation 3 launched at back in 2006 when the company also lost a lot of ground to Microsoft in terms of release dates.

In addition to the pricing details, the report also validated recent rumors by stating that PlayStation Vita-like touch controls including a rear touchpad would be present on the next PlayStation's controller, which is said to be similar in size to the long-running DualShock.

Unfortunately, no info on the European or Australian launch of Sony's next console was included in the report and we still have a little while to go before Sony takes center stage to inform the masses about its plans for the future of PlayStation, but in the meantime, keep an eye on GameTrailers.com as we get you ready for the announcement with an in-depth look at our expectations (and hopes) for Sony's next console.